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Posted AT 9:43 PM EST on 19/08/08

Freddie Mac draws demand for debt at higher yield

Reuters

NEW YORK — — Freddie Mac had little trouble selling $3-billion of debt Tuesday in an important test of the U.S. housing finance company's ability to raise funds amid fears that a government bailout is imminent. Freddie Mac, which along with rival Fannie Mae owns or guarantees almost half of all outstanding U.S.

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